I termed the phrase “forever assets” to describe a group of businesses that have paid out dividends for generations. And while they don’t often make headlines, many of these firms have crushed the broader market’s performance. My approach? Buy them, stick the certificates in a drawer, and cash the dividend checks for decades. When you own stocks like these, you don’t have to worry about inflation, interest rates, or stock market crashes. If history is any guide, these businesses will keep chugging along, paying out dividends and making their shareholders a fortune.
For instance, you almost never hear about Canada-based Enbridge Inc (NYSE:ENB) in the news, which is just the way loyal shareholders like it. And with a yield over six percent right now, this little-known business looks like a good place to put money to work. Enbridge, which owns energy pipelines, isn’t terribly exciting. I’m don’t think even the CEO gets all that hyped about energy distribution. But the company makes a ton of money–$2.1 billion in 2016–and has increased its dividend every year since 1953.